RE: Rights Issue and Retail21 Jul 2022 12:33
PIF would only invest if they’re confident they will make a return. But, I suspect this is a strategic move and so the return they’re seeking is probably not solely (or even mostly) about AML’s trading performance in isolation - brand, know-how, IP, merger, new product lines - are all in play. Of course, their investment thesis could be wrong, but their move will not be without good reason. Let’s wait and see.